Physicians Realty Trust (NYSE:DOC) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The brokerage currently has a $19.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective points to a potential upside of 10.40% from the company’s previous close.
According to Zacks, “Physicians Realty Trust is a REIT. It is a self-managed healthcare real estate company engaged in acquiring, developing, owning and managing healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company’s principal investments will include medical office buildings, outpatient treatment facilities, acute and post-acute care hospitals, as well as other real estate integral to healthcare providers. Physicians Realty Trust is based in Milwaukee, Wisconsin. “
Several other equities research analysts have also recently commented on DOC. ValuEngine cut Physicians Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. BMO Capital Markets cut Physicians Realty Trust from an “outperform” rating to a “market perform” rating and set a $17.45 price objective on the stock. in a research report on Tuesday, May 7th. Capital One Financial cut Physicians Realty Trust from an “overweight” rating to an “equal weight” rating and set a $18.75 price objective on the stock. in a research report on Thursday, May 2nd. Finally, Citigroup assumed coverage on Physicians Realty Trust in a research report on Thursday, June 20th. They set a “neutral” rating and a $18.50 price objective on the stock. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.25.
Physicians Realty Trust (NYSE:DOC) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Physicians Realty Trust had a return on equity of 2.28% and a net margin of 13.34%. The company had revenue of $105.40 million during the quarter, compared to analysts’ expectations of $104.27 million. During the same period in the prior year, the company posted $0.26 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Research analysts forecast that Physicians Realty Trust will post 1.06 EPS for the current year.
In other Physicians Realty Trust news, insider John T. Thomas sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $17.50, for a total value of $87,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 15,000 shares of company stock worth $266,300 over the last three months. Insiders own 0.62% of the company’s stock.
A number of large investors have recently made changes to their positions in DOC. James Investment Research Inc. purchased a new position in Physicians Realty Trust in the second quarter worth about $26,000. Advisory Services Network LLC raised its stake in shares of Physicians Realty Trust by 23.9% in the first quarter. Advisory Services Network LLC now owns 3,124 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 602 shares during the period. Optimum Investment Advisors raised its stake in shares of Physicians Realty Trust by 280.0% in the second quarter. Optimum Investment Advisors now owns 3,800 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 2,800 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Physicians Realty Trust in the second quarter worth about $70,000. Finally, Quadrant Capital Group LLC bought a new position in shares of Physicians Realty Trust in the first quarter worth about $91,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.
About Physicians Realty Trust
Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare.
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